DUBLIN, December 10, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/6pk2rq/ethiopia_tyre) has announced the addition of the "Ethiopia Tyre Market Forecast and Opportunities, 2020" report to their offering. 

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There are no automobile manufacturers in the country, and hence, the tyre market in Ethiopia is completely driven by the replacement tyre segment. 

The tyre market of the country is dominated by passenger car tyre segment, followed by medium and heavy commercial vehicle tyre segment, which cumulatively captured a market share of more than 75% in 2014. Few of the major tyre companies operating in Ethiopia include Horizon Tyre, which is the only tyre manufacturing company in the country; Bridgestone, Pirelli, Michelin, Yokohama, Goodyear, and Hankook. 

Rising domestic demand and expanding fleet size are expected to boost tyre demand in Ethiopia over the next five years. As of 2013, Ethiopia's vehicle motorization rate (for Passenger cars and Commercial vehicles) stood at 2 vehicles per 1,000 people. As a result of this low vehicle ownership, Ethiopia is expected to continue witnessing growth in the sales of vehicles as well as automobile fleet size, thereby driving tyre demand during the forecast period. 

Due to unstable political environment, automobile as well as tyre companies have been facing challenges in conducting their operations in the country over the last few years. However, with the country gradually regaining political stability, coupled with better fiscal and regulatory policies, Ethiopia is expected to evolve into a more open and stable economy over the course of next 5-10 years, which would eventually have a positive impact on the country's automotive industry in the coming years. 

Ethiopia Tyre Market Forecast & Opportunities, 2020 report elaborates following aspects of tyre market in Ethiopia: 

• Diversifying Agriculture Sector
• Increasing Demand for Motorbikes
• Growing Focus on Public Transportation
• Growing Demand for Radial Tyres
• Increasing Chinese Tyre Penetration

Key Topics Covered: 

1. Research Methodology 

2. Analyst View 

3. Product Overview 

4. Ethiopia Tyre Production Capacity 

5. Ethiopia Tyre Market Outlook 

6. Ethiopia Passenger Car (PC) Tyre Market Outlook 

7. Ethiopia Medium & Heavy Commercial Vehicle (M&HCV) Tyre Market Outlook 

8. Ethiopia Light Commercial Vehicle (LCV) Tyre Market Outlook 

9. Ethiopia Off-The-Road (OTR) Tyre Market Outlook 

10. Ethiopia Two-Wheeler (2W) Tyre Market Outlook 

11. Import Analysis 

12. Market Dynamics 

13. Market Trends & Developments 

14. Policy & Regulatory Landscape 

15. Ethiopia Economic Profile 

16. Competitive Landscape 

17. Strategic Recommendations 

Companies Mentioned 

- Balkrishna Industries Ltd. 
- Bridgestone Corp. 
- Compagnie Generale des Etablissements Michelin SCA 
- Genco Industrial Group Co. Ltd 
- Goodyear Tyre & Rubber Company 
- Hankook Tyre Co. Ltd. 
- Horizon Addis Tyre Company 
- Pirelli & C. SpA 
- The Yokohama Rubber Co., Ltd. 
- Trelleborg Tires Holding Singapore Pte. Ltd. 

For more information visit http://www.researchandmarkets.com/research/6pk2rq/ethiopia_tyre

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SOURCE Research and Markets